Thomas Cook 'racing to finalize rescue deal'

Thomas Cook has said it is "focused on completing" a rescue deal amid reports that some lenders could vote against the terms of the agreement. The troubled travel firm is understood to be in last minute negotiations with bondholders to approve a takeover by Chinese firm Fosun Tourism. The deal needs the backing of three quarters of bondholders to succeed. Thomas Cook wants to delay a meeting with them to give it more time to negotiate, the Financial Times said. Thomas Cook 'racing to finalize rescue deal'.

Source: https://www.bbc.com/news/business-49707230

Main campus

Open on location Google Map